Bitcoin achieved a new all-time high on August 13, reaching $122,882, surpassing its previous record of $122,838 set in July, according to CoinGecko. This surge comes as a favorable macro environment encourages traders to take on more risk, with major U.S. stock indices also nearing record highs amid anticipation of interest rate cuts by the Federal Reserve. Year-to-date, Bitcoin has risen by 30% from its opening price of $94,384 at the start of 2025. Meanwhile, Ethereum is on track to break its previous record of $4,878 set in November 2021, now trading at $4,728, just 3% away from its all-time high.

Source đź”—